Corvus Gold Inc. (TSX:KOR,OTCQX:CORVF) announced results from six holes of the 2014 Phase One drill campaign at the North Bullfrog Project in Nevada, with results including complete assays for hole NB-14-391, two additional holes from the northern extension of the Yellowjacket, and three holes from the southern portion of the West and Josh Vein (main vein).
NB-14-391 Josh Vein North: 18 metres @ 8.5 g/t Gold and 34 g/t Silver
NB-14-392 Josh Vein North: 9.3 metres @ 1.9 g/t Gold and 12 g/t Silver
New Rhyolite Zone: 11.3 metres @ 3.3 g/t Gold and 4 g/t Silver
As quoted in the press release:
New High-Grade Zone
Drill hole NB-14-392 intersected the Josh Vein and its surrounding stockwork and continued to test a parallel target to the east of the main vein zone called the Rhyolite Zone (referring to its host rock). The hole was successful in intersecting 11.3 metres @ 3.3 g/t gold and 4 g/t silver in this new zone. This intersection is a follow-up to the original discovery hole drilled last year (NB-13-352 with 2.4 metres @ 7.6 g/t gold and 6.9 g/t silver, see NR13-29, October 29, 2013) and confirms its strike and dip. The Rhyolite Zone dips to the east similar to the Liberator Zone (50 metres east) and potentially represents a new high-grade vein system similar to the West Vein discovery made earlier this year.
West Vein/Josh Vein Target Area (South)
Holes NB-14-387, 388 and 389 were drilled to test the southern limits of the West Vein/Josh Vein system (Table 1, Figure 1). Hole NB-14-387, returned 28 metres of 1 g/t gold and 6 g/t silver and expands the continuity of the Josh Vein 60 metres down dip from NB-12-184 (58 metres @ 1.7 g/t gold and 33 g/t silver, see NR13-03, January 22, 2013) and 50 metres south along strike from hole NB-14-389 (24.6 metres of 2.8 g/t gold and 13.7 g/t silver, see NR14-14, May 22, 2014). Between NB-14-389 and NB-14-387, the West Vein merges with the Josh Vein (Figure 1).
Josh Vein (North)
Holes NB-14-390, 391 and 392 have been drilled on the northern extension of the Josh Vein (Figure 1). The final complete vein plus stockwork intercept for NB-14-391 returned 18 metres of 8.5 g/t gold and 34 g/t silver. Hole NB-14-392, which represents a 40 metre step out to the north from NB-14-391 encountered 9.3 metres of 1.9 g/t gold and 12 g/t silver in the Josh Vein. In hole NB-14-390 the Josh Vein zone is present as thin silver-rich quartz veining within highly altered host rock which limited main vein development and thus resulted in less mineralization due to a lack of vein density (Table 1).
Corvus CEO, Jeff Pontius, said:
These new results continue to illustrate the potential of the Yellowjacket system and its ability to grow. An important example of this growth potential is the high-grade mineralization within the new Rhyolite Zone and its similarity to initial holes in the West Vein discovery made earlier this year. The continued expansion of the Yellowjacket zone along strike and at depth highlights the so far unconstrained potential of this new Nevada high-grade discovery. Corvus’s ongoing exploration work is expanding the scope and size of the Yellowjacket Deposit, thereby potentially increasing the overall value of Corvus in the future.